Industry expert Molly Elmore believes that it is widespread adoption and utility that will drive XRP to a higher price and not short-term speculation from investors. Recently, the crypto community has been debating about the potential price of XRP when the multi-year lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has concluded. While some have argued that XRP will reach a higher price due to the lawsuit, Elmore believes that this is unlikely to happen.
Elmore argues that it will be widespread adoption and utility that will lead to XRP reaching a higher price, and not just speculative investors. She noted that this was the case for other cryptocurrencies like Bitcoin, Ethereum, and Litecoin, which all reached higher prices due to their utility and not just speculative investors.
Elmore believes that the conclusion of the lawsuit could have a positive impact on the price of XRP, but that it is unlikely to lead to a drastic jump in the price. She argues that the lawsuit could provide a boost in confidence in the cryptocurrency, but that it is unlikely to be a major factor in the price.
